In 12 days, remittances totaled $1.05 billion.

https://www.profitableratecpm.com/ceq5bqk6?key=d2a447bad94d2fcf6ee51b0af544c773

 In 12 days, remittances totaled $1.05 billion.

In the first 12 days of August, foreigners sent $1.054 billion in remittances to the nation. This represents a 42.2% increase over the same time previous year. In the first 12 days of August of last year, $721 million was remitted. Arif Hossain Khan, the executive director and spokesperson for Bangladesh Bank, made this announcement on Wednesday.

According to industry insiders, the country's foreign exchange reserves would benefit from this robust remittance growth, which will also lessen pressure on the dollar. The primary cause of the increase in expatriate income is the government's stringent enforcement of laws prohibiting the transfer of funds through illicit means and offering incentives for doing so.

https://www.profitableratecpm.com/ceq5bqk6?key=d2a447bad94d2fcf6ee51b0af544c773

The current fiscal year's July–August 12 period had $3.53 billion in expatriate income, a 34% increase over the same time the previous year. The same period last fiscal year saw $2.63 billion in remittances.

In the meantime, rising export and expatriate incomes are contributing to rising reserves. Bangladesh Bank has $30.24 billion in its own reserves. BPM-6 estimates that it is $25.23 billion.